Consumer discretionary
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If you can’t take the heat…
Ben MacNevin
June 13, 2014
A number of retailers have recently warned the market that warm weather and weaker consumer confidence after the Federal Budget are impacting trading. But how many of these retailers may be trying to use these temporary issues as an excuse for structural pressures? continue…
by Ben MacNevin Posted in Consumer discretionary, Insightful Insights.
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The Reject Shop: Where to next?
Scott Shuttleworth
June 11, 2014
As I’m sure many of our readers are aware, The Reject Shop (ASX: TRS) announced yesterday a revised profit forecast for the financial year to June 2014 of $14.5 – $15.5 million, down around 15 per cent from the previous guidance of $17 – $18 million. The Reject Shop IS NOT a holding in The Montgomery Funds. continue…
by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights.
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A spotlight on Beacon Lighting
Scott Shuttleworth
June 11, 2014
One stock that had excellent performance on its first day as a listed company was Beacon Lighting (ASX: BLX) which had its IPO in April of 2014 with a $142m valuation. continue…
by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights.
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Sitting pretty
Scott Shuttleworth
June 10, 2014
If you are looking for evidence that a high quality business can do well over time, you need look no further than Nick Scali (ASX: NCK). Between FY06 and FY13, an investment in Nick Scali has yielded a compound return of 11.6 per cent per annum (without reinvestment of dividends). This return may not sound high, note that our investment horizon covered one of the most difficult economic period since the Great Depression. continue…
by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights.
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Making sense or losing cents?
Roger Montgomery
June 3, 2014
If you’re a smaller shareholder in either Westfield Group (ASX: WDC) or Westfield Retail Trust (ASX: WRT), then you might be forgiven for thinking you’re in the middle of World War Three. continue…
by Roger Montgomery Posted in Consumer discretionary, Insightful Insights, Property.
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Domestic retailers still control online game
David Buckland
May 29, 2014
Management consultant, A.T. Kearney claims the Australian supermarket duopoly will eventually come under attack from pure-play online retailers and packaged goods suppliers. continue…
by David Buckland Posted in Consumer discretionary.
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Spotlight on: ARB
Scott Shuttleworth
May 13, 2014
ARB Corporation is a well-known small cap company, often quoted as “the stock Warren Buffet would buy”. Today we were lucky enough to hear from the company’s managing director, Roger Brown, whom shared his insights on the company’s current standing and future. A summary of my notes follows: continue…
by Scott Shuttleworth Posted in Companies, Consumer discretionary, Insightful Insights.
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It comes with the supply chain
David Buckland
May 9, 2014
Following on from my article on Coca-Cola Amatil’s loss of market share in the Australian soft drink category over recent years, I was interested to read that Rod Sims, Chairman of the Australian Competition and Consumer Commission, has initiated unprecedented proceedings in the Federal Court against Coles after what it alleges is the unconscionable treatment of its suppliers. continue…
by David Buckland Posted in Consumer discretionary, Insightful Insights, Value.able.
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Coca-Cola Amatil on strict diet
David Buckland
May 5, 2014
In the past twelve months the Coca-Cola Amatil share price has declined by 40 per cent, from an all-time high of $15.10 to the current share price of $9.10. continue…
by David Buckland Posted in Companies, Consumer discretionary, Insightful Insights.
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Making the change: agent to retailer
Ben MacNevin
March 29, 2014
Flight Centre (ASX: FLT) is transitioning from a travel agent to a travel retailer. You may be wondering: what is the difference between the two, and what effect will it have on the company’s long-term prospects? continue…
by Ben MacNevin Posted in Consumer discretionary, Insightful Insights, Tourism.
